|Bid||0.0000 x 800|
|Ask||0.5402 x 3100|
|Day's range||0.5210 - 0.5699|
|52-week range||0.5210 - 8.9700|
|Beta (5Y monthly)||1.43|
|PE ratio (TTM)||N/A|
|Earnings date||02 Aug 2023 - 07 Aug 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||3.29|
Fool.com contributor and finance professor Parkev Tatevosian elaborates on the recent changes announced by Nikola (NASDAQ: NKLA) management that have a good chance of improving its profit prospects. *Stock prices used were the afternoon prices of June 3, 2023.
Fool.com contributor and finance professor Parkev Tatevosian reviews the latest update from Nikola (NASDAQ: NKLA) management and answers what it could mean for Nikola stock investors. *Stock prices used were the afternoon prices of June 2, 2023.
May was a good month for growth and technology stocks. In fact, Tesla (NASDAQ: TSLA) and Rivian Automotive (NASDAQ: RIVN) far outpaced the index itself, soaring by 24.1% and 14.9%, respectively, according to data from S&P Global Market Intelligence. Investors have some specific, and serious, concerns with Nikola (NASDAQ: NKLA) -- maker of electric semi-trucks.
SAN FRANCISCO (Reuters) -Electric truck maker Nikola Corp may execute a reverse stock split if its stock does not comply with Nasdaq's minimum bid price requirements within a certain period, its chief executive Michael Lohscheller said on Thursday. Nikola, which closed at about 57 cents on Thursday as it battles mounting losses, high cash burn and sluggish demand for its battery-powered trucks, said last week it received a delisting notice from the stock exchange. Nasdaq requires shares trade above $1 and sends a notice if one trades below that mark for 30 consecutive business days.
The heavy selling pressure might have exhausted for Nikola (NKLA) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Yahoo Finance Live discusses the drop in shares of Nikola after the company received a delisting warning from Nasdaq.
One tech giant generated huge gains for many market benchmarks, but obscured downward moves in other stocks.
(Bloomberg) -- Nikola Corp. tumbled Thursday after Nasdaq Inc. notified the company that it isn’t in compliance with the minimum bid requirements to remain listed on the exchange.Most Read from BloombergCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeEmerging US Debt Deal Would Raise Limit, Cap Spending for Two YearsApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17JPMorgan Tells 1,000 First Republic Employees They'll Lose Their JobsSingapore Dollar at Record High
Shares of Nikola (NASDAQ: NKLA) are cratering again Thursday's trading. The electric vehicle company's share price was down roughly 21% as of 3:15 p.m. ET, according to data from S&P Global Market Intelligence. Nikola sent out a message revealing that it was in danger of being delisted from the Nasdaq stock exchange.
Nikola shares touched a 52 week low. The stock has closed under $1 for more than 30 consecutive business days and is at risk of being delisted.
Nikola has been trying to raise cash for operations by selling equity, like other electric vehicle (EV) firms, in a turbulent market, and on Wednesday urged shareholders to vote in favor of increasing the number of shares at its annual shareholder meeting next month. EV startup Lordstown Motors Corp last month received a similar notice and effected a reverse stock split this week to meet the exchange's rules. Earlier this month, Nikola said it would pause production to streamline the assembly line at its Coolidge, Arizona factory amid sluggish demand for its battery-powered trucks.
By Michael Elkins
The analysts might have been a bit too bullish on Nikola Corporation ( NASDAQ:NKLA ), given that the company fell short...
Nikola ( NASDAQ:NKLA ) First Quarter 2023 Results Key Financial Results Revenue: US$11.1m (up 489% from 1Q 2022). Net...
It is my pleasure to introduce Dhillon Sandhu from investor relations. Joining me today are Michael Lohscheller, chief executive officer; Stasy Pasterick, chief financial officer; and Carey Mendes, president of energy.
Electric and hydrogen-fuel cell powered truckmaker Nikola is hoping a re-focusing will be good for business.
Nikola Motors CEO Michael Lohscheller discusses the company's decision to enter the EV truck market and details how the new hydrogen fuel cell electric truck gives the company a "first-mover advantage".
Shares of Nikola (NASDAQ: NKLA) are in free fall today. Nikola is ending a joint venture in Europe and in a surprise move, making a huge business shift: It's deviating from its core business of electric trucks to focus elsewhere. Nikola produced 63 Tre battery-electric trucks in Q1 and delivered 31 units to dealers.
Electric heavy truck maker Nikola (NASDAQ: NKLA) made some big announcements with its first-quarter earnings report released today. The company has been struggling financially as it works to ramp up sales of its battery electric semitrucks. Nikola most recently raised about $100 million in new capital by selling its stock at $1.12 per share.
Nikola (NKLA) delivered earnings and revenue surprises of 7.14% and 31.57%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
Investors have focused on cash reserves at Nikola and other EV makers amid fears that slowing sales could push the companies to pursue more share sales to raise funds. Cash burn in the first quarter was $240 million, compared with $200 million per quarter in 2022, Nikola said. "This level of cash burn is not sustainable for our business, and we are looking at every option for reductions in spending," the company's finance chief, Stasy Pasterick, told analysts on a conference call.
Impacts on Iveco Group financial statements deriving from the announced transaction with Nikola Corporation Turin, 9th May 2023. With reference to the announced transaction through which Iveco Group (MI: IVG) will assume full ownership from Nikola Corporation of the joint venture in Europe, Iveco Group will record a one-off €44 million negative impact in its income statement for Q1 2023, qualified as “adjusting item” for the purpose of its adjusted metrics. Furthermore, as shared in the joint pr
Iveco Group and Nikola Corporation enter a new partnership phase; Iveco Group to assume ownership of JV Turin, Italy, 9th May/Phoenix, AZ, USA, 8th May 2023. Iveco Group N.V. (MI: IVG) and Nikola Corporation (NASDAQ: NKLA) announce today that they are excited to enter a new phase of their partnership, which started in 2019 and has so far met all milestones to leverage the respective expertise to deploy zero-emission heavy-duty (Class 8) trucks in North America and Europe. The two companies worke
The agreement underpins Nikola's previously announced plan to develop 60 stations by 2026. "Our partnership with Voltera will bring substantial capital and expertise to support Nikola's plans to build refueling infrastructure to support its customers," said Carey Mendes, President of Nikola Energy. Voltera will build, own and operate the stations, while Nikola will supply the hydrogen fuel and provide technical expertise, the EV company said.